Located on Colonnade Parkway, the bank's new building -- renovations were officially completed today -- will immediately house 185 employees, but has the capacity to accommodate up to 285 workers, the bank said in a statement.

The Birmingham facility will also run certain data operations in parallel with a similar building in Starksville, Miss. The dual-facility set up effectively gives Cadence a "backup," in the event of a natural disaster, or some other example of what the bank calls a "locally disruptive occurence."

“This operational alignment, both within Birmingham and between our production operations centers in Birmingham and Starkville, is crucial to ensuring a seamless experience for our clients and our associates,” said Buddy Cox, chief information officer for Cadence Bank, in a release.

The Birmingham-based bank first announced its intention to move its resources to 3500 Colonnade in December.

Cadence Bank manages $5.7 billion in assets across its footprint, which spans the southeastern U.S. The bank is ninth in Alabama market share as measured by deposits, with $1.4 billion in resources managed across a network of 50 branches.